The Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 provides for authorisation and registration procedures for persons carrying on the business of specified trust and company services providers which are not already regulated as members of a designated body or otherwise accepted.
The Act also requires the registration of private members clubs.
These are required to comply with all of the requirements on anti money laundering and terrorist financing legislation.The required applications for registration were to be made no later than 15 July 2010. The Minister for Justice and Law Reform has made Regulations to statutorily underpin the new regime for registration of trust and company service providers. Further details on the registration requirements are available on the Anti-Money Laundering Compliance Unit Website